ETC/USD recovered losses on Thursday and has hit 1.88 levels so far in the day (Kraken).

Ichimoku analysis of hourly chart:

Tenkan Sen: 1.72

Kijun Sen: 1.76

Trend Reversal: 1.97 (90 EMA)

The pair has broken above 55 EMA and trying to hold its strength above this level. Short-term trend appears bullish for the pair and it faces immediate resistance at 1.97 levels (90-hour EMA) and a break above will see the pair testing 2.30 levels (200-hour MA)/2.87. On the flipside, support is seen at 1.70 (21-hour EMA) and a break below will drag the pair to 1.53 (78.6% retracement of 1.56 and 1.89)/1.56.